A company reports Cost of Goods Sold of $400,000,Ending Inventory of $50,000,Beginning Inventory of $30,000,Ending Accounts Payable of $40,000 and Beginning Accounts Payable of $32,000.What is the accounts payable turnover?
A) 8.0
B) 10.0
C) 11.1
D) 11.7
Correct Answer:
Verified
Q9: If bonds are issued at a premium,the
Q44: A company has a lawsuit pending with
Q45: The following information is available for a
Q46: Devin's Animal Shop has the following information
Q48: At January 1,2015,the Estimated Warranty Payable is
Q49: What is the accounts payable turnover?
A)a measure
Q50: A company has days' payable outstanding of
Q51: A company has a pending lawsuit that
Q52: A company reports Cost of Goods Sold
Q55: On December 31,2014,a note payable of $200,000
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents